Cambridge comedian Jimmy Tingle will return as auctioneer at the 2016 Possible Dreams auction. –Ralph Stewart

The Art Buchwald Possible Dreams Auction, which benefits Martha’s Vineyard Community Services (MVCS) and its six core programs, celebrates its 38th anniversary this year on Sunday, July 31, at the Winnetu Oceanside Resort in Katama.

The auction will once again be held the last Sunday of July. The switch from Monday to Sunday, in recent years, has enabled visitors who may have to return to work on Monday to join in on the fun. It has also allowed MVCS’ staff to be on hand at the auction, either volunteering or enjoying the event.

According to a press release, Jimmy Tingle, auctioneer extraordinaire, will return, and is ready to sell some amazing dreams to the highest bidder: 10 days in Burgundy for eight guests at Le Bon Ru and wine tasting at Chateau Coutet; two tickets to the premiere of Doug Liman’s new movie, “Mena,” with Tom Cruise, with a $500 gift certificate from Stina Sayre; a fishing dream with Cooper Gilkes and Nelson Sigelman honoring Olga Hirshhorn; two tickets to a taping of “Late Night with Seth Meyers” plus a $1,000 gift certificate from Kenneth Cole; two Hot Pit Passes to Daytona and then an overnight at the Four Seasons at Disney; to name a few.

Mr. Tingle has been featured in his own half-hour comedy special on HBO, and appeared on “The Tonight Show,” “Late Night with Conan O’Brien,” CNN, the American Comedy Awards, and “Fresh Air with Terry Gross” on National Public Radio.

“This year’s event is going to be incredible, with entertainment by the Joanne Cassidy Band, food by Vineyard Haute Cuisine and beverages from Offshore Ale and Your Market,” said Liza May, chair of the 2016 auction committee. “All guests will find a way to participate, either by bidding on one of 25 Live Dreams, 16 Super Silent Dreams, or one of the 60 Silent Dreams. Guests can also take a chance (one for $10 or three for $25) for one of the items in the Raffle, with the grand prize of an overnight stay at the Nantucket Hotel with two Cape Air Tickets.”

The auction’s standing as a premier summer event stems from the cause it serves — MVCS’ various programs that benefit year-round and summer residents — and its one-of-a-kind “dreams” that are auctioned during the event. Throughout the years, the auction also has attracted national attention because of the celebrities and other notables who attend the auction and donate “dreams” to benefit the cause.

Tickets can be purchased at mvcommunityservices.com/possibledreams.